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Mark Hegele
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  • from La Grange, Kentucky
  • Member since Apr 17, 2016
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Mark Hegele's profile image
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Mark Hegele
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  • from La Grange, Kentucky
  • Member since Apr 17, 2016
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Mark Hegele
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Tax, SDIRAs & Cost Segregation

tax on mortgage principal reductions

Mark Hegele
  • Professional
  • La Grange, KY
Posted

I own some small assisted living homes for the elderly.  Is the principal reduction on my mortgages each month considered taxable income?  And if so at what rate?

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